GM NEAR community! I'm working on a report for NEAR Foundation to recommend how they can improve their support for the DeFi ecosystem. Please DM me if you are building a project or simply a DeFi enthusiast who has feedback to share 🚀

Sam boosted

Let's talk about Burrow BRRR farming.

I've computed maximum fold amounts:

For DAI/USDT/USDC you can fold your value more than 10 times. Means you deposit 10$ and can borrow 90$ with 100$ collateral, while your health factor is still above 100%

For ETH/BTC/NEAR -> 2.29X
For STNEAR -> 1.96

To estimate APR we need to know the BRRR price, since it's not liquid we can only speculate.

See below

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